Can a foreigner open a bank account in Vietnam?

Yes. As stated in Circular No: 23/2014/TT-NHNN and Circular No. 32/2016/TT-NHNN, a foreigner is considered eligible to open a bank account in Vietnam if they are permitted to stay in Vietnam and can provide the required documents:

The required documents to open a bank account in Vietnam may vary according to the bank, but will typically include:

1. Valid passport with at least 6 months validity before its expiration date.
2. One of the following valid documents with a validity of 1 year or greater, issued within the last 12 months:
   • Valid visa with a duration of 1 year or greater issued within the last 12 months
   • Temporary Resident Card (TRC)
   • Work Permit
   • Permanent Resident Card (PRC)
   • Temporary residence confirmation issued by the police